Former Capitol insider appointed to lead Government Affairs team at Mr. Cooper – find out who!

Excited to welcome a seasoned expert into their ranks, Mr. Cooper announced that Darren Cave will be reporting directly to Kurt Johnson, the company’s EVP and CFO. Cave brings with him over thirty years of experience in the federal banking regulatory sector, having held various leadership positions at the Federal Housing Finance Agency (FHFA) and the Federal Deposit Insurance Corporation (FDIC).

1. Tech Sprint Innovator
   • Cave made a significant impact during his time as the chief fintech officer at the FHFA in 2023 by spearheading the agency’s first tech sprint. This innovative initiative brought together experts and practitioners from the technology and mortgage finance sectors to collaborate on solving common challenges.
   • The tech sprint focused on how data digitization could enhance transparency and accessibility, while also promoting fairness, affordability, and sustainability in mortgage lending.
   • Building on this success, the FHFA continued to host tech sprints in 2024, with a specific focus on leveraging gen AI to address housing affordability.
2. Thought Leader and Advocate
   • Cave’s influence extends beyond his professional roles; he has also contributed valuable insights to the industry through articles on fintech adoption for publications like HousingWire.
   • His expertise has been further showcased through guest appearances on podcasts such as the HousingWire Daily podcast.
3. Entrepreneurial Background
   • A graduate of Bryant University, Cave’s entrepreneurial spirit led him to establish Piedmont Risk Advisors, LLC. This firm offers strategic advisory services to financial institutions, assisting them with business strategy and implementation.

In his new position at Mr. Cooper, Cave will be collaborating closely with regulators, industry associations, advocacy groups, and government agencies to enhance support for customers of the company.

In conclusion, Darren Cave’s wealth of experience, innovative thinking, and collaborative approach are set to be invaluable assets to Mr. Cooper as they continue to navigate the dynamic landscape of the financial sector. With a focus on customer welfare and industry advancement, Cave’s presence promises exciting opportunities for growth and development within the organization.